VICTORY HOLDINGS SELLS 12 MORE STORES

UTICA, N.Y. -- Victory Holdings here continued to sell off pieces of its New Almacs operation in New England last week.Victory sold nine stores to its supplier, Supervalu, and three to independent supermarket companies for a combined total of $937,500 including leases and equipment. Supervalu, in turn, will likely resell the stores to independent operators in the area, according to sources.During

UTICA, N.Y. -- Victory Holdings here continued to sell off pieces of its New Almacs operation in New England last week.

Victory sold nine stores to its supplier, Supervalu, and three to independent supermarket companies for a combined total of $937,500 including leases and equipment. Supervalu, in turn, will likely resell the stores to independent operators in the area, according to sources.

During a hearing in U.S. Bankruptcy Court for the Northern District of New York last w